{"id":777009572,"date":"2023-09-25T08:21:30","date_gmt":"2023-09-25T11:21:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009572"},"modified":"2026-04-22T17:46:25","modified_gmt":"2026-04-22T20:46:25","slug":"philippine-gaming-operators-provide-funds-for-new-hospital-wing-for-veterans","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippine-gaming-operators-provide-funds-for-new-hospital-wing-for-veterans","title":{"rendered":"Philippine gaming operators provide funds for new hospital wing for veterans"},"content":{"rendered":"\n<p>The new hospital wing will be located at the Veterans Memorial Medical Center (VMMC).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- Gaming operators will provide PHP60m (US$1.06m) for the Magiting Veterans Wing at the Veterans Memorial Medical Center (VMMC). The grand comprises funding from Bloomberry Cultural Foundation and Newport World Resorts Foundation, among others.<\/p>\n\n\n\n<p>The first phase of the project covers structural aspects, including civil, structural, mechanical, electrical, masonry works, and roof deck waterproofing. The second phase focuses on the installation of fixtures and devices. The win spans 1,379.84 square meters and will have 12 private rooms, including four suites, along with a nurse station, lounge area, hallway, storage space, access ramp and a connecting bridge to the primary hospital building.<\/p>\n\n\n\n<p>PAGCOR&#8217;s chairman and CEO, Alejandro H. Tengco, stated: &#8220;PAGCOR recognizes the patriotism and sacrifice of Filipino veterans who dedicated their youth, vigour, strength and even lives for our country. By supporting this noble project, we show our gratitude to our modern-day heroes and their families.&#8221;<\/p>\n\n\n\n<p>PAGCOR mandates all integrated resort casino licensees in the country to establish foundations to finance corporate social responsibility programmes. These cover diverse fields, including education infrastructure, health facilities, environmental preservation and cultural heritage restoration.\u00a0Two per cent of licensees&#8217; gross gaming revenues from non-junket tables is automatically channelled into the foundations.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/pagcor-provides-aid-for-marikina-flood-victims\" target=\"_blank\">PAGCOR provides aid for Marikina flood victims<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new hospital wing will be located at the Veterans Memorial Medical Center (VMMC).<\/p>\n","protected":false},"author":176,"featured_media":777008355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Philippine gaming operators, including Bloomberry Cultural Foundation and Newport World Resorts Foundation, are contributing PHP60m (US$1.06m) to fund the Magiting Veterans Wing at the Veterans Memorial Medical Center (VMMC). This initiative is part of a PAGCOR mandate requiring integrated resort casino licensees to establish foundations for corporate social responsibility programs, channeling two percent of their gross gaming revenues from non-junket tables to these causes.","focusai_entities":"Bloomberry Cultural Foundation, Newport World Resorts Foundation, PAGCOR, Alejandro H. Tengco, Veterans Memorial Medical Center (VMMC)","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Allocation Impact","query":"How does the mandatory 2% GGR allocation for CSR foundations specifically impact the net gaming revenue (NGR) and profitability margins of integrated resort casino licensees in the Philippines?"},{"label":"PAGCOR CSR Framework","query":"What are the specific governance frameworks and reporting requirements PAGCOR imposes on integrated resort licensees for the administration and transparency of these mandated CSR foundations?"}],"footnotes":""},"categories":[23876,16333],"tags":[405],"class_list":["post-777009572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-news","category-south-east-asia-news","tag-pagcor"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777009572"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009572\/revisions"}],"predecessor-version":[{"id":777041263,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009572\/revisions\/777041263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777008355"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}